President Donald Trump signed a major Dodd-Frank rollback into law Thursday, hoping to bring regulatory relief to community banks across the U.S. The president explained Dodd-Frank’s costly regulations gave large banks a negative advantage at the cost of small banks throughout the country. Click the headline to read more.

Items Tagged with 'Stewart Information Services Corporation'

ARTICLES

The title insurance world is about to get a whole lot smaller, as Fidelity National Financial is set to buy Stewart Information Services in a massive $1.2 billion deal. Fidelity is already one of the nation’s largest title insurance and settlement services provider, and now, it’s set to acquire one of its biggest competitors.

Stewart Information Services, a real estate services company, announced this week that it added David Hisey as the company’s new chief financial officer. Hisey will also serve as Stewart’s secretary and treasurer. Hisey previously worked at Nationstar Mortgage, serving as the nonbank’s executive vice president, chief strategy and external affairs officer until June 2015.

Citing shrinking revenue caused by a shrinking number of delinquent loans, Stewart Information Services Corporation announced Thursday that it intends to end its delinquent loan servicing business by the end of 2015.

Corporation Service Company announced that it has acquired the electronic document recording submitter business of PropertyInfo Corporation. By becoming part of the CSC network, current PropertyInfo customers will now have access to more than 600 additional counties for eRecording.

The mortgage mess hit the balance sheets of three large title insurance providers this week, showing that the real estate mess has yet to work its way through the system. Stewart Information Services Corporation [stock STC][/stock], LandAmerica Financial Group, Inc. [stock LFG][/stock] and The First American Corporation [stock FAF][/stock] all said this week that the market downturn pushed revenues and income lower during the first quarter -- with two of the title companies posting net losses for Q1.
LandAm Sees Transaction Volume Dry Up

Stewart Information Services Corporation said today that its net earnings for 2006 dropped more than 51 percent, falling to $43.3 million from $88.8 million one year ago, due largely to sluggish volume in its U.S. residential title insurance business.
The drop in earnings came in spite of an increase in revenue at the real estate information services giant, driven by the company's aggressive acquisition strategy during the past year. Stewart reported revenues of $2.5 billion for 2006, up from $2.4 billion in 2005.

This month inHousingWire magazine

He wears t-shirts to his televised interviews; not very CEO. He played sports at a high level, but rarely brings it up and when he does he talks about it as a mere chapter in his life. Honestly, who plays a Super Bowl and doesn’t describe it as the defining moment in their personal journey? Casey Crawford, that’s who. His family is a big part of his life of course, but he talks about his even larger family — his coworkers — in terms that are just as glowing.

Feature

One of the things that has bedeviled mortgage financing post-crisis has been the absence of the private label mortgage backed securities market. During the peak years, private label MBS issuance topped $1 trillion. In 2017, only $70 billion of private label RMBS were issued, although that is a big increase from 2016.

Commentary

Digital technology has disrupted businesses and industries from publishing to public transportation, so can the mortgage industry be far behind? Actually, anyone who’s applied for a mortgage recently will have recognized that things are already changing fast.